A Metropolitan

The strengths, weaknesses, opportunities, and threats (SWOT) analysis is a useful tool in strategic planning. Conducting a SWOT analysis includes investigation of the organization’s environment. The strengths and weaknesses of an organization are internal factors, while opportunities and threats are considered external factors. Each element will be discussed as it can provide helpful information about the current condition of the organization. The SWOT analysis also allows for areas of growth by looking externally at its contributing factors.The strength of an organization refers to any type of characteristic that gives itself a competitive advantage over a similar-type organization. For instance, if a hospital partnered with a local restaurant and was able to provide non-intensive care to its patients such as an option of receiving meals delivered from the restaurant to their room, this would be a strength over an organization that only provided in-house meals.The weakness of an organization refers to any type of disadvantage it has compared to its competition. For instance, if a nursing home located in a metropolitan area has limited handicap parking, this would be a weakness over a similar organization nearby that has ample handicap parking spaces.The opportunities of an organization refer to elements in the external environment that may benefit the organization in the future. For instance, if the nursing home with limited parking is offered to purchase the lot next door and expand parking, this is considered an opportunityThe threats of an organization refer to elements in the external environment that may potentially cause trouble for the organization. For instance, if a new hospital is looking to enter an existing market, this would be a threat for the existing hospitals in the area.Additional MaterialsFrom your course textbook, Health Care Market Strategy, read the following chapter:· Step 1: Conducting the Internal/External AssessmentFrom the South University Online Library, read the following article:· SWOT Analysis: A Theoretical ReviewFrom the Internet, review the following:· Harrison, J. P. (2010). Strategic planning and SWOT analysis. In Essentials of Strategic Planning in Healthcare (pp. 91–97). Chicago, IL: Health Administration Press. Retrieved from https://www.ache.org/pdf/secure/gifts/Harrison_Chapter5.pdfPorter’s Five Forces ModelAnother assessment tool used for strategic planning is Porter’s Five Forces model. Unlike the SWOT analysis, the five forces model allows for organizational risks and opportunities to be further scrutinized. This model asserts that there are forces, or influencers, that ultimately determine the competitive advantage of an organization. This model specifically illustrates the security of the organization in its respective market.The model seeks to answer the following five questions:· How easy is it for suppliers to drive up prices?· How easy is it for buyers to drive down prices?· Is there a threat of substitution?· Is there a threat of new entry by a similar provider?· How much competitive rivalry exists?In healthcare, suppliers refers to the providers of healthcare services. Buyers refers to the individuals receiving care or purchasing medical supplies (patients). The first two questions aim to assess the level of ease for which a supplier can increase prices for services, and the level of ease for which a buyer can ultimately reduce prices. Supply and demand are proponents of this concept. As the demand of services increases, the supply decreases. Likewise, as the demand of services decreases, the supply increases.The model continues to seek if there is an opportunity for a different type of service available for existing buyers. For instance, patients discharging from a hospital requiring assistance with activities of daily living commonly find services in a skilled nursing facility. However, if the patient elects to receive healthcare services at home instead, they are substituting services.Similarly, if your nursing home enters the market where the patient requires services, this is a threat of a new entry by a similar provider. The question that remains is, what competitive rivalry exists in any organization’s strategic path? Porter’s Five Forces model aims to identify these in an effort to determine the competitive advantage of the organization.Porter’s Five Forces Model

Don't use plagiarized sources. Get Your Custom Essay on
A Metropolitan
From $8/Page
Order Essay
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
*Price with a welcome 20% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Toptutor4me
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
See why 10k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
English 101
Thank you guys for always being there and helping me always get a 100% on my assignments!
Customer 452483, August 16th, 2021
Great good
Customer 452555, February 14th, 2022
Thank you so much! Appreciate it!
Customer 452483, November 8th, 2021
Healthcare Writing & Communications
Excellent!! You’re awesome, thank you very much for all of your hard work & help!!
Customer 452483, October 24th, 2021
Well done! I thank you very much!
Customer 452483, July 9th, 2021
Thank you so much! I appreciate what you do and all of the great help you've given me!
Customer 452483, September 6th, 2021
Good job. Thank you
Customer 452487, September 16th, 2021
Thank you for all of your help and hard work, truly appreciate you guys always being there with my hectic schedule. Thank you again!
Customer 452483, September 20th, 2021
Excellent writing !! Definitely I will use your services again... Thank you.
Customer 452487, August 22nd, 2021
Thank you for your help
Customer 452555, February 16th, 2022
Excellent!!! Thank you.
Customer 452487, September 13th, 2021
Job WELL DONE! Thank You very much!!
Customer 452483, July 12th, 2021
Customer reviews in total
Current satisfaction rate
2 pages
Average paper length
Customers referred by a friend
20% OFF your first order
Use a coupon 24/7HELP and enjoy expert help with any task at the most affordable price.
Claim my 20% OFF Order in Chat
Open chat
Chat with us Live Here
Get in Touch with Our Live Chat Agents via WhatsApp on +1(346) 416-0954. Get Unlimited Access to Answers on Any Queries With Your Paper.